NEO is witnessing Free Fall from failure to break 142, can it continue downwards ? Looks like yes. Check the potential Support Zones and forward path
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NEO initially retraced back to the down sloping Trend line only to resume down trend later. Already achieved first Take Profit Target at 94, Next KEY Support is 81. However 94, must break by H4 13 WMA to get to 81 region.
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Our 2nd Support Zone reached on the downside.
Can NEO continue its journey to 64 Level ? Well we expect a bounce from current levels for now. Lets see if it finds a bottom around current levels.